Press release
Digital Voice Recorder Market Size, Trends And Forecast Report 2024-2033
Digital Voice Recorder Market
Digital Voice Recorder Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $2.77 billion In 2028 At A CAGR Of 11.1%.
The digital voice recorder market size has grown rapidly in recent years. It will grow from $1.63 billion in 2023 to $1.82 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to integration of portable devices, improved storage and battery life, business and professional use, consumer electronics evolution, digitalization of workflows..
The digital voice recorder market size is expected to see rapid growth in the next few years. It will grow to $2.77 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to demand in education sector, enhanced storage capacity, expansion of remote work, ai-driven features, cloud-based recording solutions.. Major trends in the forecast period include advancements in recording technology, integration with cloud services, smartphone integration, focus on portability and design, enhanced battery life..
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Digital Voice Recorder Market Major Segments
The digital voice recorder market covered in this report is segmented -
1) By Product Type: MP3, Windows Media Audio (WMA), Waveform Audio File Format (WAV), Digital Speech Standard (DSS)
2) By Recorder Interface: Bluetooth, Infrared, Universal Serial Bus (USB), Secure Digital card (SD card), Wireless
3) By Memory Size: 1 GB, 2 GB, 4 GB, 8 GB, 16 GB
4) By Battery Type: Rechargeable, AA, AAA, Lithium Ion, Other Battery Types
5) By Consumer: Voice Recording, Commercial, Interview Recording, Other Consumers
Key Driver - Growing Application Scope In Online Tutorials Boosts Digital Voice Recorder Market Growth
An increasing application scope in online tutorials is expected to propel the digital voice recorder market going forward. The online tutorials are a self-study practice with a specific learning objective. They can be made available online or on a DVD, although blackboard is usually where they are disseminated. Lectures and other online course materials are frequently recorded outside of the classroom with an advanced recorder and built-in webcam and microphone for recordings to sound better. Also, the use of digital voice recording has increased in online tutorials for several reasons, including improved call quality, cost-effectiveness, convenience and accessibility. For instance, in 2021, according to a report published by Coursera Inc., a U.S.-based online course and tutorial provider, online tutorials are estimated to have more than 92 million learners across the globe with a 29% year-to-year increase. The US topped the list with increasing numbers of online learners, accounting for 17.3 million, followed by India with a total of 13.6 million online learners. Therefore, the increasing application scope in telecom networks and online tutorials is driving the digital voice recorder market.
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Prominent Trend - Technological Advancements Drive Innovation In The Digital Voice Recorder Market
Technological advancements have emerged as the major trend gaining popularity in the digital voice recorder market. Major companies operating in the digital voice recorder market are introducing new innovative products incorporating artificial intelligence technology to strengthen their position in the market. For instance, in July 2021, Sony Corporation, a Japan-based technology company launched Sony's ICD-TX660, a new digital voice recorder equipped with Artificial intelligence technology. Sony's ICD-TX660 has boosted its AI capabilities with new features that decrease background noise, feature automatic voice recording, a 16 GB internal memory for longer recordings and convenient and efficient Chinese-language speech-to-text capabilities, made possible through a partnership with AI Speech Ltd., a local start-up.
Digital Voice Recorder Market Players
Major companies operating in the digital voice recorder market report are The Aigo Digital Technology Co. Ltd., Cenlux Digital Technology Co. Ltd., Panasonic Holdings Corporation, Hyundai Digital Tech Co. Ltd., Olympus Corporation, Koninklijke Philips N.V., Safa Media Co. Ltd., Sony Group Corporation, Jingwah Digital Technology Co. Ltd., Shenzhen Vaso Digital Technology Development Co.Ltd., Samsung Electronics Co. Ltd., Zoom Corporation, Shenzhen Hnsat Industrial Co. Ltd., EVISTR Technology Co. Ltd., Shenzhen Aiworth Technology Co. Ltd., TOOBOM Technologies Co. Ltd., Roland Corp.rporation, Grundig Intermedia GmbH, Sanyo Electric Co.Ltd., Aiwa Co. Ltd., Marantz Japan Inc., Nagra-Kudelski Group, Reel-to-Reel, TEAC Corporation, Akai electronics company, Denon, Foster Denki KK, Røde Microphones, Zaxcom Inc., Sound Devices LLC .
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Largest And Fastest Growing Region In The Market
North America was the largest region in the digital voice recorder market in 2023. Europe was the second largest region in the digital voice recorder market in 2023. The regions covered in the digital voice recorder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Digital Voice Recorder Market Report Structure
3. Digital Voice Recorder Market Trends And Strategies
4. Digital Voice Recorder Market - Macro Economic Scenario
5. Digital Voice Recorder Market Size And Growth
…..
27. Digital Voice Recorder Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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